Charity registration number: 1159774
The Posture and Mobility Group
Annual Report and Financial Statements for the Year Ended 31 December 2023
Wortham Jaques Limited Chartered Accountants & Charity Advisors 130a High Street Crediton Devon EX17 3LQ
The Posture and Mobility Group
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 19 |
The Posture and Mobility Group
Reference and Administrative Details
Trustees Nathan Robson, Chair Dr Pam Harper, Treasurer Rebecca Dunstall Bicky Ho Mohamed Mirghany Helen Nelson Rebecca Oakes Dr Lorna Tasker Charity Registration Number 1159774 Principal Office C/o Wortham Jaques 130a High Street Crediton Devon EX17 3LQ Independent Examiner Wortham Jaques Limited Chartered Accountants & Charity Advisors 130a High Street Crediton Devon EX17 3LQ
Page 1
The Posture and Mobility Group
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023.
Objectives and activities
Objects and aims
The objectives of the charity are to advance education in all matters relating to the posture and wheeled mobility needs of people with disabilities, and the equipment and services those needs require.
Objectives, strategies and activities
The main activity undertaken in relation to the above is the group’s annual conference, which provides a programme of proceedings and training; hosts a large industry exhibition of equipment; creates a networking environment for the sharing of knowledge amongst peers; offers bursaries to enable new-to-the-field members to attend free of charge.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Currently, the sole source of income for PMG is from the annual conference and exhibition. The 2023 event took place once again at The International Centre, Telford.
The proceedings maintained the excellent standards expected of PMG conferences, with keynote speakers, free papers and breakout sessions covering a wide range of topics. The annual PMG event continues to be the most valuable training opportunity for professionals working in the field of posture and mobility. PMG would like to thank exhibitors and sponsoring organisations for continuing to make the conference and exhibition a flagship event within the sector. The sponsors in 2023 were RHealthcare and Seating Matters.
The programme saw a return of delegate favourites such as Pitch your Product and Speed Networking. In the exhibition hall Go Kids Go once again ran their wheelchair skills area, and delegates were invited to try out wheelchair tennis with the Lawn Tennis Association.
PMG were able to offer bursaries to 6 delegates to further the object of the charity: “to advance education in all matters relating to the posture and wheeled mobility needs of people with disabilities, and the equipment and services those needs require.” The bursary provided a ticket for the event, including gala dinner, and also hotel accommodation for 2 nights. In return the recipients wrote reflective reports on a chosen session. These reports can be read here https://www.pmguk.co.uk/journals.
PMG continues to work in partnership with the National Wheelchair Managers’ Forum on matters of common interest. There is also PMG representation on the British Standards Institute’s sub-committee CH173/1 [wheelchairs and wheelchair seating]. We maintain links with the Rehabilitation Engineering Services Management Group, the Wheelchair Alliance, and the NHS England Wheelchair Advisory Board. There continues to be a reciprocal marketing agreement between PMG and the British Healthcare Trades Association.
Page 2
The Posture and Mobility Group
Trustees' Report (continued)
Financial review
Most of the income and expenditure pertaining to each annual conference and exhibition are realised during the financial year that the event takes place. The annual event raised approximately £260k in income in 2023 with corresponding expenditure of £164k. After taking running costs into account the surplus for the year amounts to £38k, almost doubling reserves to approximately £73k at the end of 2023.
PMG aims to keep within the Financial Services Compensation limit of £85,000.00 per account at all times. At the end of 2023 PMG held reserves in an instant access savings account with Triodos and a current account at HSBC.
Policy on reserves
Reserves at the beginning of 2023 were low due to the impact of 2 years without conference income, in 2020 and 2021, whilst still incurring administrative running costs. The average running costs of PMG (excluding the conference) were around £5k per month during 2023. The surplus from the annual conference meant that the charity’s reserves at the end of 2023 had increased to a position where they would cover approximately 12 months running costs.
Plans for future periods
Aims and key objectives for future periods
The annual conference for 2024 has already taken place In Telford and will once again realise a surplus. It is estimated that this will take the reserves at the end of 2024 to over £100k.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Nathan Robson, Chair Dr Pam Harper, Treasurer Helen Critten-Rourke (retired 22 February 2024) Rebecca Dunstall Susan Hillman (retired 23 October 2023) Bicky Ho (appointed 4 April 2024) Mohamed Mirghany Helen Nelson Rebecca Oakes (appointed 22 April 2024) Dr Lorna Tasker
Structure, governance and management
Nature of governing document
Posture and Mobility Group (PMG) is a Charitable Incorporated Organisation (CIO) No. 1159774.
The PMG Annual General Meeting of 2023 was held in October 2023. It took place online following a free training webinar to encourage members to attend.
Page 3
The Posture and Mobility Group
Trustees' Report (continued)
Organisational structure
Day-to-day management of PMG is the responsibility of the PMG Manager, who is employed by PMG trustees and reports to the Chair. Olwen Ellis retired at the end of 2023 and Lisa Thompson took over the role, following a hand-over period of a number of months. Olwen Ellis worked as PMG Manager for 20 years and will be missed by PMG trustees and members.
Page 4
The Posture and Mobility Group
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Dr Pam Harper Trustee
Page 5
The Posture and Mobility Group
Independent Examiner's Report to the trustees of The Posture and Mobility Group
I report to the trustees on my examination of the accounts of The Posture and Mobility Group for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of The Posture and Mobility Group you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Posture and Mobility Group's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since The Posture and Mobility Group's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of The Posture and Mobility Group as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Charlotte Chapman Gibbs BFP ACA Wortham Jaques Limited Chartered Accountants & Charity Advisors
130a High Street Crediton Devon EX17 3LQ
Date:.............................
Page 6
The Posture and Mobility Group
Statement of Financial Activities for the Year Ended 31 December 2023
| Note Income and Endowments from: Donations and legacies Charitable activities Investment income 4 Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 4 Total income Expenditure on: Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted funds £ 958 260,304 1,427 262,689 (224,458) (224,458) 38,231 38,231 34,474 72,705 Unrestricted funds £ 2,333 131,242 440 134,015 (199,365) (199,365) (65,350) (65,350) 99,824 34,474 |
Total 2023 £ 958 260,304 1,427 |
|---|---|---|
| 262,689 | ||
| (224,458) | ||
| (224,458) | ||
| 38,231 | ||
| 38,231 34,474 |
||
| 72,705 | ||
| Total 2022 £ 2,333 131,242 440 |
||
| 134,015 | ||
| (199,365) | ||
| (199,365) | ||
| (65,350) | ||
| (65,350) 99,824 |
||
| 34,474 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 17.
The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
The Posture and Mobility Group
(Registration number: 1159774) Balance Sheet as at 31 December 2023
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand 14 Creditors: Amounts falling due within one year 15 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 17 |
2023 £ 1,664 822 74,721 75,543 (4,502) 71,041 72,705 72,705 72,705 |
2022 £ - 4,507 33,975 |
|---|---|---|
| 38,482 (4,008) |
||
| 34,474 | ||
| 34,474 | ||
| 34,474 | ||
| 34,474 |
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Dr Pam Harper Trustee
The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Posture and Mobility Group meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
No such material uncertainties have been identified.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Investment income
Investment income is recognised on a receivable basis.
Charitable activities
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 9
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant expenditure
Grants payable are included in the SOFA when they have been authorised by the trustees and the commitment is included in the accounts as a creditor.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Website Straight line over 6 years Office equipment 25% reducing balance basis
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 10
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the Charity.
Designated unrestricted funds are resources set aside for specific purposes at the discretion of the trustees.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 11
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
2 Income from donations and legacies
| Regular giving and capital donations Total for 2023 Total for 2022 3 Income from charitable activities Education of the public in posture and mobility matters Total for 2023 Total for 2022 |
Unrestricted funds General £ 958 958 2,333 Unrestricted funds General £ 260,304 260,304 131,242 |
Total funds £ 958 |
|---|---|---|
| 958 | ||
| 2,333 | ||
| Total funds £ 260,304 |
||
| 260,304 | ||
| 131,242 |
Page 12
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
4 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Total for 2023 Total for 2022 5 Expenditure on charitable activities Note Education of the public in posture and mobility matters Depreciation, amortisation and other similar costs Staff costs Governance costs Total for 2023 Total for 2022 Education of the public in posture and mobility matters Governance Total for 2023 Total for 2022 |
Unrestricted funds General £ 1,427 1,427 440 Unrestricted funds General £ 170,747 555 51,106 2,050 224,458 199,365 Activity undertaken directly £ 222,408 2,050 224,458 199,365 |
Total funds £ 1,427 |
|---|---|---|
| 1,427 | ||
| 440 | ||
| Total funds £ 170,747 555 51,106 2,050 |
||
| 224,458 | ||
| 199,365 | ||
| Total expenditure £ 222,408 2,050 |
||
| 224,458 | ||
| 199,365 |
Page 13
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
6 Analysis of governance and support costs
Charitable activities expenditure
| Basis of allocation Direct costs Employment costs Office expenses Rent Printing, postage and stationery Insurance Computer software and maintenance costs Bank charges Depreciation of fixed assets Staff training Travelling costs Total for 2023 Total for 2022 |
Unrestricted funds General £ 164,790 51,106 3,007 1,062 169 1,597 352 134 555 1,190 496 224,458 197,345 |
Total funds £ 164,790 51,106 3,007 1,062 169 1,597 352 134 555 1,190 496 |
|---|---|---|
| 224,458 | ||
| 197,345 |
Governance costs
| Independent examiner fees Examination of the financial statements Total for 2023 Total for 2022 7 Net incoming/outgoing resources Net incoming/(outgoing) resources for the year include: Depreciation of fixed assets |
Unrestricted funds General £ 2,050 2,050 2,020 |
Total funds £ 2,050 |
|---|---|---|
| 2,050 | ||
| 2,020 | ||
| 2023 £ 555 |
Depreciation of fixed assets
Page 14
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
8 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Helen Nelson
£Nil (2022: £78) of expenses were reimbursed to Helen Nelson during the year.
Reimbursement of travel costs
Dr Pam Harper
£100 (2022: £Nil) of expenses were reimbursed to Dr Pam Harper during the year.
Reimbursement of travel costs
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
Donations made by the trustees without any conditions attached totalled £Nil for the year (2022 - £175).
9 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs The monthly average number of persons (including senior management / charity during the year expressed as full time equivalents was as follows: Administrative staff No employee received emoluments of more than £60,000 during the year 10 Independent examiner's remuneration Examination of the financial statements |
2023 £ 2022 £ 49,875 37,125 1,231 927 51,106 38,052 leadership team) employed by the 2023 No 2022 No 1 1 2023 £ 2022 £ 2,050 2,020 |
2022 £ 37,125 927 |
|---|---|---|
| 38,052 | ||
| 2022 £ 2,020 |
Page 15
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
| Cost At 1 January 2023 Additions At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 13 Debtors Trade debtors Prepayments VAT recoverable 14 Cash and cash equivalents Cash at bank |
Furniture and equipment £ - 2,219 2,219 - 555 555 1,664 - |
Furniture and equipment £ - 2,219 2,219 - 555 555 1,664 - |
Other tangible fixed asset £ 17,639 - 17,639 17,639 - 17,639 - - 2023 £ - 822 - 822 2023 £ 74,721 |
Other tangible fixed asset £ 17,639 - 17,639 17,639 - 17,639 - - 2023 £ - 822 - 822 2023 £ 74,721 |
Total £ 17,639 2,219 19,858 17,639 555 18,194 1,664 - 2022 £ 1,000 597 2,910 |
|---|---|---|---|---|---|
| 2,219 | 17,639 | ||||
| - 555 |
17,639 - |
||||
| 555 | 17,639 | ||||
| 1,664 | - | ||||
| - | - | ||||
| 2023 £ - 822 - 822 2023 £ 74,721 |
|||||
| 4,507 | |||||
| 2022 £ 33,975 |
Page 16
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
15 Creditors: amounts falling due within one year
| 15 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other taxation and social security Other creditors Accruals |
2023 £ - 2,185 407 1,910 4,502 |
2022 £ 1,000 728 455 1,825 |
| 4,008 |
16 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,231 (2022 - £927).
Page 17
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
17 Funds
| 17 Funds | |||
|---|---|---|---|
| Unrestricted funds General Unrestricted funds General Designated Total funds |
Balance at 1 January 2023 £ Incoming resources £ Resources expended £ Balance at 31 December 2023 £ 34,474 262,689 (224,458) 72,705 Balance at 1 January 2022 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 December 2022 £ 29,824 134,015 (199,365) 70,000 34,474 70,000 - - (70,000) - 99,824 134,015 (199,365) - 34,474 |
Balance at 31 December 2023 £ 72,705 |
|
| Balance at 31 December 2022 £ 34,474 - |
|||
| 34,474 |
The specific purposes for which the funds are to be applied are as follows:
Contingency Reserve
The contingency was set up by the trustees to ring-fence an amount of money to ensure continuation of the stated charitable activities, even in the event of reduced income from conference activity. In 2022 the contingency fund has been used to support the charity's activities over the previous 2 years when income was significantly reduced as the conference was unable to be held because of Covid restrictions.
18 Analysis of net assets between funds
| 18 Analysis of net assets between funds | ||
|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 1,664 75,543 (4,502) 72,705 |
Total funds at 31 December 2023 £ 1,664 75,543 (4,502) |
| 72,705 |
Page 18
The Posture and Mobility Group
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
| Current assets Current liabilities Total net assets 19 Analysis of net funds Cash at bank and in hand Net debt |
At 1 January 2023 £ 33,975 33,975 |
Unrestricted funds General £ 38,482 (4,008) 34,474 Financing cash flows £ 40,746 40,746 |
Total funds at 31 December 2022 £ 38,482 (4,008) |
|
|---|---|---|---|---|
| 34,474 | ||||
| At 31 December 2023 £ 74,721 74,721 |
Page 19